Gary Shilling: Recession Will Return Next Year

Discussion in 'Politics' started by CaféAuLait, Jun 27, 2011.

  1. CaféAuLait
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    CaféAuLait This Space for Rent

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    Gary Shilling: Recession Will Return Next Year


    Read more: Gary Shilling: Recession Will Return Next Year

    http://www.moneynews.com/StreetTalk/Gary-Shilling-Recession-Return/2011/06/27/id/401533

    Same guy who predicted the last recession, which seems to have never ended but has if you go by NBER's technical definition.
     
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    Last edited: Jun 27, 2011
  2. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    And by not raising the Debt Ceiling..something they did 19 times during the Bush administration, Conservatives are assuring the collapse of the American Economy to make a sitting president "look bad'.

    True patriots.
     
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  3. uscitizen
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    uscitizen Senior Member

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    I predicted the last recession. and have said all along that it ould be a long adjustment downward, not just a regular recession that we would climb back out of and be stronger later.

    We must learn to live with less.
     
  4. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    return? When did it leave?

    Sallow, if you think raising the debt ceilling isnt as dangerous to the economy right now, you are dreaming. We are between a rock and a hard place. Whether we raise it or not, we have serious financial problems.

    I say if we are going to raise the debt ceiling, we get some spending cuts for doing it.
     
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  5. Missourian
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    Missourian Gold Member

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    'In 2006, Sen. Barack Obama voted against raising the debt ceiling to allow the U.S. to borrow more money, saying Washington was saddling future generations with its out-of-control spending.'

    <snip>

    'In 2006, Mr. Obama struck a high moral tone in opposing legislation to raise the debt ceiling. “Increasing America’s debt weakens us domestically and internationally. Leadership means that `the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better,” he said on the Senate floor.'



     
    Last edited: Jun 27, 2011
  6. Missourian
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    Missourian Gold Member

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    Back to the topic.

    I think Shilling's right.


    (Reuters) - The index that tracks tonnage hauled by American trucks fell in May, renewing anxiety over the economy, a trade group said on Monday.

    The American Trucking Association's (ATA) advance seasonally adjusted For-Hire Truck Tonnage Index fell 2.3 percent in May, after falling a revised 0.6 percent in April.

    On a year-to-year basis, tonnage climbed 2.7 percent in May, the smallest year-over-year gain since February last year, ATA said. (Reporting by Selam Gebrekidan; Editing by David Gregorio)

     
  7. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Yup.. I think we ought to bury are heads in the sand in regards to the dismal economy..

    I mean .. I wouldn't want Obama to "look bad'....:lol:
     
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  8. CaféAuLait
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    CaféAuLait This Space for Rent

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    From Sen. Obama’s Floor Speech, March 20, 2006

    ~~ Barack Obama


    Senator Barack Obama Explaining his 2006 Vote Against Raising the Debt Limit - By Andrew C. McCarthy - The Corner - National Review Online

    PolitiFact | Bachmann said Obama voted against the debt limit when he was a senator
     
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  9. editec
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    editec Mr. Forgot-it-All

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    The proposed REPUBLUCAN BUDGET will ASLO demand an increase in the DEBT LIMIT.

    Pay attention, partisan.
     
  10. Mr. Shaman
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    Mr. Shaman Senior Member

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    ooooooooooooooooooooo....and, he's a star independent economist!!

    Never heard o' him....

    [​IMG]
     

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